Renters Insurance

The good news is that renters insurance policies usually include coverage for the contents of your home — described in most policies as personal property coverage. This coverage typically helps protect belongings from certain risks, such as fire or theft. When considering renters insurance, the first thing to think about is how much your personal property woukd cost to replace, if it was all destroyed.

With some very expensive items, it doesn’t matter if you know the replacement value; a standard renters insurance policy will have limits on coverage for jewelry or art works. The limits don’t apply in the event of a total loss, such as if the apartment burns down. If your pricey possessions exceed these sub-limits, typically $2,500 or $5,000, you’ll want to get what’s known as a rider, an add-on that insures specific items if they get stolen or you lose them.

As you take this visual inventory, imagine what it would cost if everything was lost in a flood or fire. begin walking through your home, room by room, opening closets and drawers, and snapping pictures of everything that is not nailed down: Here are just a few things to thing about. Once you have your inventory together, it’s time to go “shopping” to research replacement values. “You can go online to Amazon or Target to get an idea of what the range might be” for many items

    • Furniture
    • Clothing
    • Appliances
    • Stereos
    • Televisions
    • Computers
    • Artwork
    • Rugs, window treatments and other décor
    • Dishes
    • Sporting goods and toys

Once you have your items listed out and a price to cover all the items get some pricing with Brandon at Allstate: